1776 Sumiken Mitsui Road
- Jul 15, 2025
- 1 min read
Updated: Jul 20, 2025
Sumiken Mitsui Road is a mid-sized road paving company. Strength in construction related to Sumitomo Mitsui Group. Focusing on expanding non-government projects. Strong balance sheet with no debt.
At share price of 1460 yen, mkt cap is 13.5 bil yen vs net cash of 6.5 bil
per 31.95 (15x-ish if adjusted for net cash) / pbr 0.99 / div yield 3.42%
5% ownership report filed by Murakami Fund in April (at cost basis of appx 1350 yen). Parent-child listing setup w/ parent being Mitsui Sumitomo Construction, which is also held by Murakami Fund by large chunk (28%) and just last week was announced to be TOB'ed by 5076 Infroneer
No-brainer speculation is that the Murakami team bot this grandchild company stock knowing or even engineering the Infroneer deal, which is not an insider trade
In short, matter of time